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Posted 23 June 2007 - 10:13 AM
Posted 23 June 2007 - 11:50 AM
2007-06-22 14:42 MT - News Release
Mr. Jean Roy reports
NON-BROKERED PRIVATE PLACEMENT
El Nino Ventures Inc. has arranged a non-brokered private placement of up to 6.8 million units at a purchase price of 50 cents per unit, for gross proceeds of up to $3.4-million.
Each unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of 60 cents for a period of 18 months from closing.
In addition to the above, the company announces a non-brokered flow-through private placement of up to 200,000 units at a purchase price of 50 cents per unit, for gross proceeds of up to $100,000.
Each flow-through unit will consist of one flow-through share and one-half of one non-flow-through share purchase warrant. Each whole warrant entitles the holder to purchase an additional non-flow-through share at a price of 60 cents for a period of 18 months from closing.
A finder's fee of up to 7 per cent may be paid in cash, shares and/or share purchase warrants.
The foregoing is subject to regulatory approval
Posted 23 June 2007 - 12:41 PM
Posted 24 June 2007 - 12:50 AM
I own some ICS copper
Posted 30 June 2007 - 10:54 AM
June 28 , 2007
Trading Symbol: AFR
African Metals Starts Program on its Properties in the World-Class Katanga Copper Belt
VANCOUVER, BC – Willis W. Osborne, Chief Executive Officer of African Metals Corporation (TSX Venture Exchange: AFR), is pleased to announce the start of exploration on its 8 Kalande copper-cobalt properties, covering 682 square kilometers, along the Katanga copper belt in the Democratic Republic of the Congo (DRC). The Company has an option to acquire an 80% interest in these properties. The Katanga Province hosts the Central African Copper Belt which extends from Angola through the DRC into Zambia. This copper belt is one of the world’s greatest metallogenic provinces containing 34% of the world’s cobalt reserves and over 10% of the world’s copper reserves. Much of the area remains unexplored.
The Company plans a program of regional soil sampling and geological mapping on 2 of the more promising properties to locate possible occurrences of copper-cobalt mineralization. These properties cover large areas of the highly prospective rock of the Roan supergroup which contains more than 230 base metal occurrences within the copper belt. In addition, satellite imagery of the area will be studied to identify target areas in the 6 other properties. As a follow-up, the Company plans to map some of the more interesting targets identified from this study as well as the 3 known copper occurrences on the properties. Copper is presently being mined near one of the boundaries of the properties. This area will also be mapped. In addition, gold is reported to have been recovered by hand miners from 4 tributaries of the Kiete River and to occur in place on a hill in the northern half of Property PR 5145. This will be examined.
Carl Verley (P. Geol.), the Qualified Person pursuant to NI 43-101, has reviewed the contents of this news release.
El Nino options 70% interest in Congo uranium titles
2007-06-28 14:32 MT - Property Agreement
The TSX Venture Exchange has accepted for filing a joint venture agreement dated May 19, 2007, between El Nino Ventures Inc. and GCP Group Ltd. Global Consultant Partners (the vendor), pursuant to which the company has the option to acquire a 70-per-cent interest in the vendor's existing uranium titles and in all new acquisitions which may be obtained by either the company or the vendor within the agreement area enclosing the vendor's existing properties located in the Democratic Republic of Congo.
The total consideration payable by the company to the vendor is $550,000 (U.S.) cash and 700,000 common shares of the company payable over three years ($350,000 (U.S.) cash and 500,000 common shares are payable within the first year). The vendor will retain a 1.5-per-cent net smelter return of which 1 per cent will be assigned to Hassan Sabra.
The agreement also allows for the company to increase its interest from 70 per cent to 90 per cent in increments of 5 per cent at a cost of $1-million (U.S.) per 5-per-cent increment.
Insider/pro group participation: not applicable
For further details, please refer to the company's press release dated May 29, 2007, available on SEDAR
Posted 30 June 2007 - 11:51 AM
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